Tahoe Resources is making a change to its management team.
In a June 12 news release, the company announced James S. Voorhees, who has been a director of the company since its inception in 2010, will assume the position of president and CEO. Current president and CEO Ronald W. Clayton will retire from the role as of June 15.
Voorhees is a mining engineer with more than 30 years of experience in mine design, permitting, construction, operations and management of numerous properties in jurisdictions throughout the world.
He has been an active participant on Tahoe's board of directors from the company's inception. As vice-president and chief operating officer of Glamis Gold Inc., Voorhees led that company's mine-building successes from 1999 until the Goldcorp merger in 2006, including the San Martin, Marigold, El Sauzal, Marlin and Peñasquito mines. Prior to Glamis, Voorhees held various operating and executive positions with Newmont and other predecessor companies.
“I am eager to take on this significant role at Tahoe at such an important time, and look forward to working with the entire Tahoe team to create lasting shareholder value,” Voorhees said in the release.
“We will be focused on the restart of operations at Escobal at the earliest opportunity, as well as continuing to optimize performance and value at our growth projects and gold operations."
In Northern Ontario, Tahoe owns and operates the Timmins West and Bell Creek mines and the Bell Creek Mill, in addition to various exploration projects. The properties were formerly owned by Lake Shore Gold, which Tahoe acquired in April, 2016.
Its other properties include the Escobal Mine in Guatemala and the La Arena Mine and Shahuindo mines in Peru.